Tejarat Bank Expands Int’l Ties

Tejarat Bank has established relations with 60 foreign banks since the lifting of sanctions in January, said Ali Mehrpour the bank’s director for international affairs. He added that talks are underway with 40 other international banks. Italy’s UBI, Banca Popolare di Vicenza, the major Finnish bank OP, Czech Republic’s KBC, Belgium’s Belfius, and China’s Development Bank are some of the banks that Tejarat is trying to establish link with, EghtesadOnline website reported. Talks are also underway with the Central Bank of Malaysia and Bank May (Malaysia’s largest commercial lender), he said. The banker was hopeful about Tejarat’s relations with European export agencies like Finland’s Finnvera and Czech Egap.  Mehrpour added that his bank has promoted transparency and accountability in line with international anti-money laundering standards.